Net 1 UEPS Technologies (UEPS) Lowered to “Sell” at BidaskClub

Net 1 UEPS Technologies (NASDAQ:UEPS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other analysts also recently weighed in on UEPS. ValuEngine downgraded shares of Net 1 UEPS Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Net 1 UEPS Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 13th. TheStreet downgraded shares of Net 1 UEPS Technologies from a “b-” rating to a “c+” rating in a report on Thursday, October 19th. Finally, Sidoti assumed coverage on shares of Net 1 UEPS Technologies in a report on Monday, November 20th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.00.

Shares of Net 1 UEPS Technologies (UEPS) traded down $0.82 during midday trading on Thursday, reaching $9.86. 2,103,045 shares of the company’s stock were exchanged, compared to its average volume of 465,942. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.35. The company has a market cap of $560.08, a P/E ratio of 9.39 and a beta of 0.67. Net 1 UEPS Technologies has a one year low of $8.87 and a one year high of $13.81.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings results on Thursday, November 9th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Net 1 UEPS Technologies had a net margin of 9.73% and a return on equity of 12.60%. The company had revenue of $152.56 million for the quarter, compared to the consensus estimate of $151.94 million. equities analysts anticipate that Net 1 UEPS Technologies will post 1.58 earnings per share for the current fiscal year.

In related news, Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of Net 1 UEPS Technologies stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $11.01, for a total transaction of $71,565.00. Following the completion of the transaction, the director now directly owns 29,061 shares of the company’s stock, valued at approximately $319,961.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Edwards sold 9,000 shares of Net 1 UEPS Technologies stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $11.36, for a total transaction of $102,240.00. Following the transaction, the director now directly owns 10,822 shares of the company’s stock, valued at $122,937.92. The disclosure for this sale can be found here. Insiders own 3.18% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in shares of Net 1 UEPS Technologies by 13.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,652,967 shares of the business services provider’s stock worth $16,298,000 after purchasing an additional 195,767 shares during the period. Prescott Group Capital Management L.L.C. boosted its stake in shares of Net 1 UEPS Technologies by 2.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 1,074,738 shares of the business services provider’s stock worth $12,779,000 after purchasing an additional 23,933 shares during the period. FMR LLC boosted its stake in shares of Net 1 UEPS Technologies by 15.8% during the 2nd quarter. FMR LLC now owns 685,134 shares of the business services provider’s stock worth $6,755,000 after purchasing an additional 93,734 shares during the period. Seizert Capital Partners LLC boosted its stake in shares of Net 1 UEPS Technologies by 38.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 525,650 shares of the business services provider’s stock worth $5,120,000 after purchasing an additional 144,917 shares during the period. Finally, Hosking Partners LLP boosted its stake in shares of Net 1 UEPS Technologies by 7.1% during the 4th quarter. Hosking Partners LLP now owns 508,869 shares of the business services provider’s stock worth $6,050,000 after purchasing an additional 33,922 shares during the period. 55.94% of the stock is owned by hedge funds and other institutional investors.

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Net 1 UEPS Technologies Company Profile

Net 1 UEPS Technologies, Inc is a provider of payment solutions, transaction processing services and financial technology across multiple industries. The Company develops and markets a transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

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